- In Europe, the demand for e-bikes is higher than that of conventional bicycles, especially in Italy, Germany, France, and Netherlands.
- The Global bicycle market is highly fragmented and includes many international and regional players.
- In Asia-Pacific, China and Japan are the leading countries that have adopted e-bikes as sports equipment because of its environmental benefits and to help reduce traffic congestion in these countries.
- Google search volume for bicycles has doubled worldwide within the last 12 months.
- With the increase in bicycle renting operations throughout the world specially in Europe and Asia, the global bicycle market is growing significantly.
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- Mountain bicycle segment is anticipated to expand at a rapid rate. Rising popularity in line with the increasing media coverage for mountain bicycle racing events and the establishment of new mountain biking circuits are expected to drive the growth.
- United States holds the highest revenue share in this region with trendy mountain bikes and e-bikes being most popular within the US millennials.
- Google Trends Worldwide Data for the past 12 months have shown that the COVID-19 pandemic has affected the routine of people across the globe, with people searching for topics like immunity, fitness and related activities to live a healthier lifestyle.
- To gain competitive advantage, the companies are investing in research and development (R&D) and differentiating their product using different design and functioning elements, and size and weight variations.
- The expanding bicycle market is witnessing a strong growth halt due to massive disruptions in the manufacturing and supply chain of bicycle and bicycle accessories amid the global COVID-19 outbreak.
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COMPANY PROFILES
- Giant Manufacturing Co. Ltd (Taiwan)
- Merida Industry Co., Ltd. (Taiwan)
- Bridgestone Co. (Japan)
- Shimano, Inc. (Japan)
- Hero Cycles Ltd. (India)
- Atlas Cycles Ltd. (India)
- Avon Cycles Ltd. (India)
- Hamilton Industries Pvt. Ltd. (India)
- Shanghai Forever Import & Export Co., Ltd. (China)
- Shanghai Phoenix Imp. & Exp. Co., Ltd. (China)
- Accell Group N. V. (The Netherlands)
- Trek Bicycle Corp. (USA)
- Cannondale Bicycle Corporation (USA)
- Pacific Cycle Group (USA)
- Schwinn Bicycles (USA)
- Santa Cruz Bicycles (USA)
- Specialized Bicycle Components, Inc. (USA)
- Dorel Industries Inc. (Canada)
- Wilier Triestina S.p.A (Italy)
- I.V. Edoardo Bianchi S.p.A (Italy)
- Maxeurope(Bulgaria)
- Lapierre SA(France)
- Tandem Group plc (UK)
- Raleigh Ltd. (UK)
- Winora Staiger GmbH (Germany)
- Amer Sports Corporation (Finland)
- Cycleurope AB (Sweden)
THIS BICYCLE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
- Bicycle Market size and Forecast , by region, by application
- Average B-2-B price for Bicycle Market, by region, per user
- Technology trends and related opportunity for new Bicycle Market tech suppliers
- Market share of leading vendors, by region,
- Coronavirus impact on Bicycle Market earnings
Media Contact
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Contact Person: Kunal Roy
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State: Karnataka
Country: India
Website: https://mobilityforesights.com/